THE world is in a constant state of flux. Geoeconomic fragmentation, driven by geopolitical tensions and power struggles among big countries, is reshaping the global economy according to geopolitical fault lines. This is impacting global relations, economic and financial stability.
The post-Cold War era period since 1991, which has been characterised by the rise of economic globalisation and free trade, emergence of new economic powers, and decline in traditional interstate conflict, has been replaced by geoeconomic globalisation.
